![]() ![]() Montreal’s Lightspeed is leading the workplace renaissance.Lightspeed posts wider $79.9-million loss in second quarter.Unfortunately, this did not play out the way I expected.” He added that decreased ad revenue and the impending recession have resulted in lower revenues. Zuckerberg added, “I did too, so I made the decision to significantly increase our investments. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended.” “At the start of COVID, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. “I view layoffs as a last resort,” Meta CEO Mark Zuckerberg wrote in a message to employees. But I think the market isn’t fully appreciating the strength of their competitive position.”Ĭhauvet, who replaced Lightspeed founder Dax Dasilva as CEO in February, and president Jean-David Saint-Martin said they believe that if they stick to their three-part plan - consolidating their acquisitions under one cohesive brand, implementing their payments business and narrowing their focus to established small- and medium-sized businesses - profitability will naturally follow. “I’d say there is a disconnect in the performance of the business and the stock,” said Moschopoulos, adding that he expects Lightspeed’s stock to outperform the market over the next year. Thanos Moschopoulos, an analyst at BMO Capital Markets who follows Lightspeed, said Chauvet might have a point. ![]() Lightspeed’s share price is “a short-term reflection of a market where interest rates are through the roof and yields are very far from what they were,” said Chauvet, and “is no way a reflection of our performance.” Meta and Shopify are both down about 70 per cent from January, and the tech-heavy Nasdaq composite index is down 30 per cent on the year. Pouring money into hiring may seem a counterintuitive choice for Lightspeed, whose share price is down about 60 per cent this year.īut Chauvet said his company is being unfairly punished by an indiscriminate move away from tech stocks, as they look like riskier bets amid higher interest rates and worries about a recession. “Our recruiters spend their time saying: ‘Yeah! Facebook just downsized!’ … Let’s go and try and recruit the best people there.” “We’re spending a fortune on hiring,” said Chauvet. The company isn’t feeling the strain as acutely as “pure digital” players such as Meta, said Chauvet, because Lightspeed serves brick-and-mortar companies. Not Lightspeed, which provides point-of-sale and e-commerce software to hotels and retailers. Its speed, energy efficiency, and reliability make it a top choice for those who demand the best from their technology.This advertisement has not loaded yet, but your article continues below. Overall, Logitech’s Lightspeed technology is a game-changer for wireless devices. This is particularly useful in environments with a lot of wireless traffic, such as an office or a crowded coffee shop. It uses a proprietary 2.4 GHz wireless connection that is resistant to interference from other devices, so you can trust that your connection will be stable and consistent. This is especially useful for devices like wireless mice and keyboards that see frequent use.Īnother benefit of Lightspeed technology is its reliability. It uses less power than traditional wireless technologies, which means that your devices can run for longer on a single charge. In addition to its speed, Lightspeed technology is also incredibly energy efficient. This means that you can enjoy all the convenience of a wireless connection without sacrificing any of the responsiveness or accuracy of a wired one. ![]() With a response time of just 1 millisecond, Lightspeed is virtually indistinguishable from a wired connection. One of the key benefits of Lightspeed technology is its speed. ![]()
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